SIH Partners, LLLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), SIH Partners, LLLP reported 197 stock positions worth $1.1 billion. Its top holding was Stellantis (STLA) at 13.8% of the portfolio, followed by BHP Group Ltd.-Spon ADR (BHP, 9.1%) and Jd.com Inc.-ADR (JD, 8.8%). Compared with Q2 2025, it opened 116 new positions, sold out of 46, added to 30 and reduced 34. The biggest buy was BHP Group Ltd.-Spon ADR (BHP, shares +937%) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- Wilmington, DE
- CIK
- 0001996244
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001996244-25-000011 ↗ filed Nov 14, 2025
Holdings Value
Holdings 197 stocks · $1.1B
| STLA Stellantis NV | 13.84% | 16,938,728 | $158.2M | Reduce -22.6% |
| BHP BHP Group Ltd.-Spon ADR | 9.06% | 1,856,704 | $103.5M | Add +937.5% |
| JD Jd.com Inc.-ADR | 8.77% | 2,866,236 | $100.3M | Add +47.1% |
| ALC Alcon Inc. filed as ALCON AG | 6.73% | 1,033,007 | $77.0M | Add +409.7% |
| NTES Netease Inc.-ADR | 3.33% | 250,320 | $38.0M | Reduce -38.2% |
| BABA Alibaba Group Holding-SP ADR | 3.14% | 200,737 | $35.9M | Reduce -82.3% |
| ASHR Xtrackers Harvest Csi 300 CH | 2.82% | 977,756 | $32.2M | Add +131.0% |
| AAPL Apple Inc. | 2.70% | 121,115 | $30.8M | Add +6281.2% |
| AMRZ Amrize Ltd. | 2.49% | 586,661 | $28.5M | Reduce -41.5% |
| UBS UBS Group AG-Reg | 2.32% | 645,813 | $26.5M | Add +85.5% |
| BMNR Bitmine Immersion Technologi | 2.25% | 495,363 | $25.7M | New |
| IBIT iShares Bitcoin Trust ETF | 2.16% | 379,385 | $24.7M | New |
| TCOM Trip.com Group Ltd.-ADR | 2.15% | 326,300 | $24.5M | Add +47.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.75% | 71,828 | $20.1M | Add +48.5% |
| NVDA Nvidia Corp. | 1.72% | 105,557 | $19.7M | Add +5556.9% |
| LI Li Auto Inc. - ADR | 1.71% | 772,318 | $19.6M | Reduce -39.1% |
| TIP iShares Tips Bond ETF | 1.46% | 149,682 | $16.6M | New |
| FXI iShares China Large-Cap ETF | 1.37% | 380,075 | $15.6M | Reduce -70.5% |
| BIDU Baidu Inc. - Spon ADR | 1.13% | 97,643 | $12.9M | Reduce -22.0% |
| XLV SS Health Care Select Sector | 1.12% | 92,285 | $12.8M | Add +1148.6% |
| FERG Ferguson Enterprises Inc. | 1.12% | 57,005 | $12.8M | Reduce -10.8% |
| AMZN Amazon.com Inc. | 1.07% | 55,597 | $12.2M | Add +2908.5% |
| XLP SS Consumer Staples Sel Sect | 0.98% | 143,482 | $11.2M | New |
| VOD Vodafone Group PLC-SP ADR | 0.97% | 957,908 | $11.1M | New |
| LNWO Light & Wonder Inc. | 0.89% | 121,223 | $10.2M | Add +123.5% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.77% | 228,100 | $8.8M | Add +88.4% |
| ZTO Zto Express Cayman Inc.-ADR | 0.74% | 438,050 | $8.4M | Add +23.5% |
| NFLX Netflix Inc. | 0.70% | 6,675 | $8.0M | New |
| FRO Frontline PLC | 0.67% | 335,020 | $7.6M | Add +69.1% |
| DB Deutsche Bank AG-Registered | 0.65% | 209,141 | $7.4M | Reduce -53.4% |
| BILI Bilibili Inc.-Sponsored ADR | 0.59% | 239,260 | $6.7M | Reduce -72.7% |
| MSFT Microsoft Corp. | 0.54% | 11,954 | $6.2M | Add +787.5% |
| AMD Advanced Micro Devices | 0.51% | 35,858 | $5.8M | New |
| XPEV Xpeng Inc. - ADR | 0.51% | 247,614 | $5.8M | Reduce -57.8% |
| CRWV Coreweave Inc. Class A | 0.50% | 41,943 | $5.7M | Add +817.8% |
| CRH CRH PLC | 0.50% | 47,326 | $5.7M | Reduce -47.7% |
| SW Smurfit Westrock PLC | 0.48% | 129,885 | $5.5M | New |
| INDA iShares MSCI India ETF | 0.48% | 105,000 | $5.5M | No change |
| EWZ iShares MSCI Brazil ETF | 0.47% | 174,221 | $5.4M | Add +62.9% |
| META Meta Platforms Inc. Class A | 0.44% | 6,862 | $5.0M | New |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.43% | 69,098 | $4.9M | No change |
| PDD PDD Holdings Inc. | 0.42% | 36,200 | $4.8M | Add +341.3% |
| SNDK Sandisk Corp. | 0.40% | 40,716 | $4.6M | New |
| AMCR Amcor PLC | 0.40% | 553,578 | $4.5M | Reduce -57.1% |
| RMD Resmed Inc. | 0.38% | 15,862 | $4.3M | Add +238.4% |
| COIN Coinbase Global Inc. Class A | 0.35% | 12,004 | $4.1M | New |
| FER Ferrovial NV | 0.35% | 67,934 | $4.0M | Add +14.2% |
| VMC Vulcan Materials Co. | 0.32% | 11,735 | $3.6M | Reduce -70.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.30% | 3,535 | $3.4M | New |
| NVS Novartis AG-Sponsored ADR | 0.30% | 26,579 | $3.4M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 28,762 | $3.3M | New |
| GEV GE Vernova Inc. | 0.29% | 5,341 | $3.3M | New |
| GOOG Alphabet Inc. Class C | 0.28% | 13,293 | $3.2M | New |
| ARKB ARK 21SHARES Bitcoin ETF | 0.28% | 84,774 | $3.2M | New |
| TSLA Tesla Inc. | 0.28% | 7,100 | $3.2M | Add +671.7% |
| ARM Arm Holdings PLC-ADR | 0.25% | 20,000 | $2.8M | New |
| TER Teradyne Inc. | 0.25% | 20,465 | $2.8M | New |
| AVGO Broadcom Inc. | 0.23% | 7,966 | $2.6M | New |
| GOOGL Alphabet Inc. Class A | 0.23% | 10,760 | $2.6M | New |
| BMY Bristol-Myers Squibb Co. | 0.23% | 57,172 | $2.6M | New |
| RL Ralph Lauren Corp. | 0.21% | 7,648 | $2.4M | Reduce -85.3% |
| SMCI Super Micro Computer Inc. | 0.21% | 49,340 | $2.4M | New |
| BITB Bitwise Bitcoin ETF | 0.20% | 37,057 | $2.3M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.20% | 20,516 | $2.3M | Reduce -95.1% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.19% | 47,231 | $2.2M | New |
| RACE Ferrari NV | 0.19% | 4,410 | $2.1M | Reduce -85.0% |
| ANET Arista Networks Inc. | 0.19% | 14,634 | $2.1M | New |
| ORCL Oracle Corp. | 0.18% | 7,117 | $2.0M | New |
| SAN Banco Santander SA-Spon ADR | 0.17% | 181,100 | $1.9M | No change |
| QGEN Qiagen N.V. | 0.16% | 41,692 | $1.9M | Reduce -51.0% |
| PVH PVH Corp. | 0.15% | 21,120 | $1.8M | Reduce -72.1% |
| SE Sea Ltd.-ADR | 0.15% | 9,783 | $1.7M | Add +2.9% |
| LIT Global X Lithium & Battery T | 0.15% | 29,213 | $1.7M | Add +196.2% |
| MRVL Marvell Technology Inc. | 0.14% | 18,594 | $1.6M | New |
| XLB SS Materials Select Sector | 0.14% | 17,218 | $1.5M | New |
| ARGX Argenx SE - ADR | 0.12% | 1,853 | $1.4M | Reduce -83.9% |
| URI United Rentals Inc. | 0.12% | 1,412 | $1.3M | New |
| EWW iShares MSCI Mexico ETF | 0.12% | 19,535 | $1.3M | Add +205.2% |
| ALAB Astera Labs Inc. | 0.12% | 6,757 | $1.3M | New |
| XLE SS Energy Select Sector | 0.11% | 14,500 | $1.3M | No change |
| ARKK ARK Innovation ETF | 0.11% | 14,776 | $1.3M | New |
| AER Aercap Holdings NV | 0.11% | 10,296 | $1.2M | No change |
| AA Alcoa Corp. | 0.11% | 37,004 | $1.2M | New |
| XOM Exxon Mobil Corp. | 0.10% | 10,640 | $1.2M | New |
| SMR Nuscale Power Corp. | 0.10% | 31,734 | $1.1M | New |
| JPM JPMorgan Chase & Co. | 0.09% | 3,374 | $1.1M | New |
| WMT Walmart Inc. | 0.09% | 10,291 | $1.1M | New |
| AU Anglogold Ashanti PLC | 0.09% | 14,703 | $1.0M | Reduce -38.7% |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | 0.09% | 25,000 | $1.0M | New |
| YUMC Yum China Holdings Inc. | 0.08% | 22,305 | $957K | New |
| URNM Sprott Uranium Miners ETF | 0.08% | 15,572 | $941K | Add +134.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.08% | 12,195 | $936K | Reduce -0.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.08% | 2,000 | $927K | New |
| STM Stmicroelectronics NV-NY SHS | 0.08% | 32,254 | $911K | No change |
| SPOT Spotify Technology SA | 0.08% | 1,250 | $873K | Reduce -31.7% |
| MA Mastercard Inc. Class A | 0.08% | 1,531 | $871K | New |
| V Visa Inc. Class A | 0.07% | 2,466 | $842K | New |
| AMAT Applied Materials Inc. | 0.07% | 4,048 | $829K | New |
| BP BP PLC-Spons ADR | 0.07% | 23,500 | $810K | Reduce -60.7% |
| CCEP Coca-Cola Europacific Partne | 0.07% | 8,520 | $770K | Reduce -41.0% |
Options reported separately and not counted above: STLA puts ($345.4M), ALC puts ($322.9M), UBS puts ($297.6M), DB puts ($288.5M), STLA calls ($198.0M), UBS calls ($189.5M), RACE puts ($148.0M), DB calls ($126.3M), RACE calls ($110.9M), LOGI calls ($103.3M), LOGI puts ($77.9M), FER calls ($51.4M), and 19 more.
Portfolio Sells Q2 2025 → Q3 2025
| BABA Alibaba Group Holding-SP ADR | Reduce -82.3% | 3.14% | −9.09 |
| STLA Stellantis NV | Reduce -22.6% | 13.84% | −7.00 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -95.1% | 0.20% | −4.16 |
| FXI iShares China Large-Cap ETF | Reduce -70.5% | 1.37% | −3.13 |
| AMRZ Amrize Ltd. | Reduce -41.5% | 2.49% | −2.23 |
| NTES Netease Inc.-ADR | Reduce -38.2% | 3.33% | −1.84 |
| LI Li Auto Inc. - ADR | Reduce -39.1% | 1.71% | −1.55 |
| LIF LIFE360 Inc. | Sold out | 0.00% | −1.24 |
| BILI Bilibili Inc.-Sponsored ADR | Reduce -72.7% | 0.59% | −1.20 |
| RACE Ferrari NV | Reduce -85.0% | 0.19% | −1.18 |
| RL Ralph Lauren Corp. | Reduce -85.3% | 0.21% | −1.14 |
| IEV iShares Europe ETF | Sold out | 0.00% | −0.96 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.95 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.87 |
| AMCR Amcor PLC | Reduce -57.1% | 0.40% | −0.73 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.66 |
| VMC Vulcan Materials Co. | Reduce -70.2% | 0.32% | −0.66 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.61 |
| VFC VF Corp. | Sold out | 0.00% | −0.60 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.60 |
| DB Deutsche Bank AG-Registered | Reduce -53.4% | 0.65% | −0.60 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.49 |
| XPEV Xpeng Inc. - ADR | Reduce -57.8% | 0.51% | −0.49 |
| ARGX Argenx SE - ADR | Reduce -83.9% | 0.12% | −0.48 |
| LOGI Logitech International-Reg | Reduce -91.2% | 0.04% | −0.41 |
| NVMI Nova Ltd. | Sold out | 0.00% | −0.38 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.36 |
| PVH PVH Corp. | Reduce -72.1% | 0.15% | −0.34 |
| CRH CRH PLC | Reduce -47.7% | 0.50% | −0.29 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −0.29 |
| CRCL Circle Internet Group Inc. | Reduce -72.5% | 0.06% | −0.28 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.23 |
| QGEN Qiagen N.V. | Reduce -51.0% | 0.16% | −0.23 |
| PM Philip Morris International | Sold out | 0.00% | −0.22 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.22 |
| FERG Ferguson Enterprises Inc. | Reduce -10.8% | 1.12% | −0.20 |
| TIDAL TRUST II | Reduce -79.1% | 0.03% | −0.20 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −0.19 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.17 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.17 |
| WDS Woodside Energy Group-ADR | Sold out | 0.00% | −0.14 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.13 |
| JETS US Global Jets ETF | Sold out | 0.00% | −0.13 |
| BITI Proshares Short Bitc ETF-Usd | Sold out | 0.00% | −0.12 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.11 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.10 |
| BP BP PLC-Spons ADR | Reduce -60.7% | 0.07% | −0.10 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.10 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.10 |
| LIN Linde PLC | Reduce -67.7% | 0.04% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| BHP BHP Group Ltd.-Spon ADR | Add +937.5% | 9.06% | +8.24 |
| ALC Alcon Inc. | Add +409.7% | 6.73% | +5.03 |
| JD Jd.com Inc.-ADR | Add +47.1% | 8.77% | +2.73 |
| AAPL Apple Inc. | Add +6281.2% | 2.70% | +2.66 |
| BMNR Bitmine Immersion Technologi | New | 2.25% | +2.25 |
| IBIT iShares Bitcoin Trust ETF | New | 2.16% | +2.16 |
| ASHR Xtrackers Harvest Csi 300 CH | Add +131.0% | 2.82% | +1.71 |
| NVDA Nvidia Corp. | Add +5556.9% | 1.72% | +1.69 |
| TIP iShares Tips Bond ETF | New | 1.46% | +1.46 |
| UBS UBS Group AG-Reg | Add +85.5% | 2.32% | +1.20 |
| AMZN Amazon.com Inc. | Add +2908.5% | 1.07% | +1.03 |
| XLV SS Health Care Select Sector | Add +1148.6% | 1.12% | +1.03 |
| XLP SS Consumer Staples Sel Sect | New | 0.98% | +0.98 |
| VOD Vodafone Group PLC-SP ADR | New | 0.97% | +0.97 |
| TCOM Trip.com Group Ltd.-ADR | Add +47.8% | 2.15% | +0.92 |
| TSM Taiwan Semiconductor-SP ADR | Add +48.5% | 1.75% | +0.71 |
| NFLX Netflix Inc. | New | 0.70% | +0.70 |
| AMD Advanced Micro Devices | New | 0.51% | +0.51 |
| SW Smurfit Westrock PLC | New | 0.48% | +0.48 |
| MSFT Microsoft Corp. | Add +787.5% | 0.54% | +0.48 |
| META Meta Platforms Inc. Class A | New | 0.44% | +0.44 |
| CRWV Coreweave Inc. Class A | Add +817.8% | 0.50% | +0.43 |
| GDS GDS Holdings Ltd. - ADR | Add +88.4% | 0.77% | +0.42 |
| SNDK Sandisk Corp. | New | 0.40% | +0.40 |
| LNWO Light & Wonder Inc. | Add +123.5% | 0.89% | +0.39 |
| FRO Frontline PLC | Add +69.1% | 0.67% | +0.36 |
| COIN Coinbase Global Inc. Class A | New | 0.35% | +0.35 |
| PDD PDD Holdings Inc. | Add +341.3% | 0.42% | +0.34 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.30% | +0.30 |
| DIS The Walt Disney Co. | New | 0.29% | +0.29 |
| GEV GE Vernova Inc. | New | 0.29% | +0.29 |
| GOOG Alphabet Inc. Class C | New | 0.28% | +0.28 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.28% | +0.28 |
| RMD Resmed Inc. | Add +238.4% | 0.38% | +0.27 |
| TSLA Tesla Inc. | Add +671.7% | 0.28% | +0.25 |
| ARM Arm Holdings PLC-ADR | New | 0.25% | +0.25 |
| TER Teradyne Inc. | New | 0.25% | +0.25 |
| AVGO Broadcom Inc. | New | 0.23% | +0.23 |
| GOOGL Alphabet Inc. Class A | New | 0.23% | +0.23 |
| BMY Bristol-Myers Squibb Co. | New | 0.23% | +0.23 |
| SMCI Super Micro Computer Inc. | New | 0.21% | +0.21 |
| BITB Bitwise Bitcoin ETF | New | 0.20% | +0.20 |
| IREN Iren Ltd. | New | 0.19% | +0.19 |
| ANET Arista Networks Inc. | New | 0.19% | +0.19 |
| EWZ iShares MSCI Brazil ETF | Add +62.9% | 0.47% | +0.18 |
| ORCL Oracle Corp. | New | 0.18% | +0.18 |
| ZTO Zto Express Cayman Inc.-ADR | Add +23.5% | 0.74% | +0.14 |
| MRVL Marvell Technology Inc. | New | 0.14% | +0.14 |
| XLB SS Materials Select Sector | New | 0.14% | +0.14 |
| URI United Rentals Inc. | New | 0.12% | +0.12 |
Options Activity Q2 2025 → Q3 2025
| STLA Stellantis NV | put | Add +46.6% | 36,979,000 | $345.4M |
| ALC Alcon Inc. | put | Add +162.8% | 4,334,000 | $322.9M |
| UBS UBS Group AG-Reg | put | Reduce -28.7% | 7,259,300 | $297.6M |
| DB Deutsche Bank AG-Registered | put | Reduce -0.3% | 8,147,300 | $288.5M |
| STLA Stellantis NV | call | Add +200.4% | 21,201,511 | $198.0M |
| UBS UBS Group AG-Reg | call | Reduce -1.5% | 4,622,300 | $189.5M |
| RACE Ferrari NV | put | Add +162.3% | 305,100 | $148.0M |
| DB Deutsche Bank AG-Registered | call | Add +3.7% | 3,567,100 | $126.3M |
| RACE Ferrari NV | call | Add +515.9% | 228,500 | $110.9M |
| LOGI Logitech International-Reg | call | Add +161.8% | 941,400 | $103.3M |
| LOGI Logitech International-Reg | put | Reduce -42.5% | 710,200 | $77.9M |
| FER Ferrovial NV | call | Add +348.6% | 877,000 | $51.4M |
| ALC Alcon Inc. | call | Add +84.7% | 461,300 | $34.4M |
| FLUT Flutter Entertainment PLC-Di | call | Reduce -29.3% | 41,000 | $10.4M |
| FER Ferrovial NV | put | Add +4014.6% | 168,700 | $9.9M |
| ARGX Argenx SE - ADR | put | New | 13,100 | $9.7M |
| FRO Frontline PLC | put | Add +11.5% | 380,500 | $8.7M |
| CRH CRH PLC | call | Reduce -52.9% | 58,000 | $7.0M |
| ARGX Argenx SE - ADR | call | New | 8,600 | $6.3M |
| QGEN Qiagen N.V. | put | Add +733.5% | 121,699 | $5.4M |
| FLUT Flutter Entertainment PLC-Di | put | Reduce -64.4% | 21,000 | $5.3M |
| NFLX Netflix Inc. | call | New | 3,000 | $3.6M |
| FRO Frontline PLC | call | Add +3.5% | 149,500 | $3.4M |
| QGEN Qiagen N.V. | call | Reduce -41.0% | 50,398 | $2.3M |
| FERG Ferguson Enterprises Inc. | call | Add +250.0% | 7,000 | $1.6M |
| NVDA Nvidia Corp. | call | Add +78.8% | 5,900 | $1.1M |
| NFLX Netflix Inc. | put | New | 700 | $839K |
| FERG Ferguson Enterprises Inc. | put | Reduce -72.7% | 3,000 | $674K |
| CRH CRH PLC | put | Reduce -94.8% | 5,000 | $600K |
| MSFT Microsoft Corp. | call | Sold out | 1,100 | $547Kbefore exit |
| MSFT Microsoft Corp. | put | New | 1,000 | $518K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 285 | $2.4B | BABA, SNDK, RACE, DRAM, GOOG |
| Q1 2026 | 256 | $3.2B | BABA, RACE, EEM, EWY, STLA |
| Q4 2025 | 175 | $1.7B | BABA, JD, UBS, RACE, STLA |
| Q3 2025 | 197 | $1.1B | STLA, BHP, JD, ALC, NTES |
| Q2 2025 | 127 | $1.1B | STLA, BABA, JD, NTES, AMRZ |
| Q1 2025 | 238 | $1.1B | STLA, UBS, EEM, KWEB, NTES |
| Q4 2024 | 95 | $1.4B | STLA, SPY, UBS, EMB, HYG |
| Q3 2024 | 29 | $166.7M | BHP, BILI, XYZ, LI, AMCR |
| Q2 2024 | 20 | $103.5M | BHP, XYZ, BILI, LI, BIDU |
| Q1 2024 | 16 | $135.8M | BHP, LI, TCOM, XYZ, BABA |